The use of computers to execute trades, often with very low latency, has increased over time, resulting in a variety of computer algorithms executing electronically targeted trading strategies at high speed. We describe the evolution of increasingly fast automated trading over the past decade...

This paper is about the pricing of contingent services. The immediate problem is this: What is the cost of the right to choose among pipeline and spot market purchases of natural gas? Changes in the regulation of natural gas pipelines created these rights for customers without providing a...

In this chapter, Graves and Jenkins explore the attitudes of Canadians to productivity. The distinction between our standard of living and our quality of life is a powerful one for Canadians generally. The economic citizen who emerges from Graves and Jenkins data is relatively aware of the terms...

In the short term, renewables - especially wind - are not as effective as conventional hedges due to uncertain volume and timing as well as possibly poor correlation with high-value periods. In the long term, there are more potential hedging advantages to renewables because conventional...